Dave McCulloch, former CEO of Scotsman and Enodis, and Dave Wrench, his chief financial officer at the two businesses, have bought HTG Trading, parent of Scotsman distributor Hubbard Ice Systems, and ice cream equipment specialist Taylor.
HTG Trading, based in Otley, Suffolk, was previously owned by a venture capital consortium. The two former directors, who both retired from full time positions earlier in 2013, have formed a company called HTG Investment and have retained Martin Wood as chief executive. Mr Wood said: “This commitment, from two such well respected and experienced industry professionals, underlines the strength of HTG, its brands and its business plan. “Hubbard and Taylor are the market leaders in their sectors. In a recent survey of catering equipment distributors, Scotsman came top in the quality ice machine equipment category, while Hubbard scored well over 90% in terms of after sales support. We are already looking at ways to build on their successes to further develop and grow the company in the future.”